Paris (AFP)
The Paris Stock Exchange ironed over 5,300 points Friday, focusing on relaxing signals in the trade war that allow him to breathe again after a restless and very volatile session.
The CAC 40 index rose 63.86 points to end at 5,300.79 points, in a trade volume of 3.73 billion euros. The day before, he finished on the defensive (-0,27%).
Over the past week, the index has lost 0.51%. But it continues to post a 12.05% increase since January 1st.
The Paris market rebounded from the opening and remained in the green until the close.
The session was marked by the expiry of index futures, (every 3rd Friday of the month), creating large volumes of transactions.
The fact that Donald Trump assured that the session of talks with Chinese negotiators in Washington was "always scheduled" early September "helped reassure some managers," says Thierry Claudé, manager at Kiplink Finance. "There were still serious doubts about it this week", investors being "so scared that the negotiations are stopped," he recalls.
In addition, the chief adviser to President Donald Trump on trade, Peter Navarro, said Friday that the trade talks with China "go ahead" but that it was necessary for the Fed to lower its rates by one half. percentage point by the end of the year.
Nevertheless, other problems still boil in the background: "the situation in Hong Kong begins to create excitement on the markets", already very anxious about the slowdown in the German economy, the Italian political crisis and Brexit , says Thierry Claudé.
The former British colony has been experiencing its worst political crisis since the beginning of June since its return to China in 1997, with almost daily demonstrations.
Over the last few days, the pro-democracy movement in Hong Kong has been the scene of peaceful demonstrations and rallies that have degenerated into increasingly violent clashes between radicals and the police.
© 2019 AFP